Volkswagen is spending €900 million ($1.01 billion) to hook up with Swedish battery maker Northvolt in an investment involving a joint venture and a share purchase. VW says in a statement part of the money is intended for a JV and a further share will go directly to Northvolt in return for about 20% of Northvolt shares. The German automaker will gain one seat on the board of directors, subject to approval under antitrust legislation. Earlier this year, VW announced a major ...

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